Bank of Maharashtra Checklist and application form for deceased claim Form Download

Based on the uploaded document, the Checklist and Application Framework for Deceased Claims at the Bank of Maharashtra details specific paperwork tiers based on account types, threshold amounts, and missing person scenarios (c0bee60d-0… pp. 1-2, 15).

The key operational guidelines and documentation requirements include:

For accounts featuring a clear operational or survivor clause, the release process is highly streamlined (c0bee60d-0… pp. 1, 3):

• Accounts with Nomination: Requires a claim application from the nominee or guardian (Annexure-3), a verified copy of the Death Certificate, and the nominee’s identity proof (c0bee60d-0… p. 1). The nominee officially acts as a trustee for all legal heirs (c0bee60d-0… p. 3).
• Joint Accounts (Either or Survivor): Requires a standard claim application from the surviving holder(s) (Annexure-3) along with a verified copy of the deceased holder’s Death Certificate (c0bee60d-0… p. 1).

When an account lacks a registered nominee or a joint survivor clause, the bank categorizes claims into three distinct financial tiers (c0bee60d-0… pp. 1-2):

• Tier 1: Up to ₹1 Lakh: Requires a deceased claim application (Annexure-4), Death Certificate, ID proofs for claimants/heirs/sureties, and a Letter of Indemnity (Annexure-7) (c0bee60d-0… p. 1).
• Tier 2: Above ₹1 Lakh up to ₹25 Lakhs: Requires all Tier 1 documents plus a formal Consent Letter from all legal heirs (Annexure-5), an Affidavit from the claimant executed before a Magistrate/Notary (Annexure-6), a Letter of Indemnity supported by two independent financial sureties, and a stamped final claim Receipt (Annexure-8) (c0bee60d-0… p. 2).
• Tier 3: Above ₹25 Lakhs: Requires a certified true copy of formal Legal Representation (such as a Succession Certificate, Probate of Will, or Letters of Administration) issued by a competent court, alongside identity proofs for the holder of that legal representation (c0bee60d-0… p. 2).

The framework provides specific recourse when an account holder is missing rather than declared deceased (c0bee60d-0… pp. 15, 17):

• Prerequisites: The depositor must be missing and completely unheard of for a legally specified period (c0bee60d-0… pp. 15, 17).
• Required Police Records: The claimants must produce the original First Information Report (FIR) and an official “Not Traceable Report” issued by police authorities closing the case (c0bee60d-0… pp. 16, 19).
• Execution: Claimants must file specialized applications (Annexure-9 for nomination/joint accounts or Annexure-10 for other cases) backed by an Affidavit and a signed Letter of Indemnity (Annexure-11) (c0bee60d-0… pp. 16, 19-20).

To comply with Section 45ZC and 45ZE of the Banking Regulation Act, 1949, any physical release of assets requires structured inventory logging (c0bee60d-0… p. 22):

• Safety Lockers: Access is given to the nominee or surviving joint hirers to log descriptions and identifying marks of items using Annexure-12 (c0bee60d-0… pp. 22-23). If the key is lost, the locker is broken open under their instructions (c0bee60d-0… p. 23).
• Safe Custody Articles: Sealed items held in safe deposit custody are verified and released using a separate inventory receipt structure (Annexure-13) signed by witnesses and the designated claimants (c0bee60d-0… p. 25).

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